Feb 12 2021

Texas Daily Ag Market News Summary Posted 3 years 66 days ago by Administrator Account

Daily Market Summary for February 12^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading in Nebraska has been slow on light demand with live purchases 1.00 higher compared to the last reported live market on Thursday at 114.00. Not enough dressed purchases for a full market trend. The last reported dressed market was on Wednesday at 180.00. Negotiated cash trading was at a standstill in the Texas Panhandle and mostly inactive on light demand in Kansas, not enough purchases in either region for a full market trend. The last reported live market in the Southern Plains was on Wednesday at 114.00. Negotiated cash trading in the Western Cornbelt has been limited on light demand, not enough purchases for a full market trend. The last reported live market was on Thursday from 114.00-115.00 and the last reported dressed market was on Wednesday at 180.00.

       

Negotiated Sales:

Confirmed:     8,539

Week Ago:    41,015

Year Ago:        1,564

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   8,600

Weighted avg. weight:       889 lbs.

Weighted avg. net price:    183.44

        

Cattle Slaughter under Federal Inspection:

Friday (est)                          109,000

Week ago (est)                    113,000

Year ago (act)                      111,000

Week to Date                      570,000

Same Period Last Week    583,000

Same Period Last Year      597,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 232.37… -0.59

Select:  220.93… +0.64

Choice/Select Spread: 11.44

Total Load Count: 125

            

Cutter Cow Cutout:

182.25… -0.38

   

CME Feeder Cattle Index for February 11^th:

135.34… -0.15

            

Futures Settlements…

Live Cattle:

February: 117.20… +1.88

April: 125.17… +2.05

June: 121.30… +1.78

   

Feeder Cattle:

March: 140.85… +1.70

April: 144.72… +1.35

May: 146.30… +0.85

     

April Hogs: 85.20… +0.95

March Crude Oil: 59.47… +1.23

   

March Corn: 5.3875… -0.0225

March Wheat: 6.3675… +0.0325

   

Grain Cash Bids:

Kansas City Corn: 5.33… -0.01

Kansas City Wheat: 5.88… +0.07

   

Financial Markets:

DJIA: 31,458.40… +27.70

S & P 500: 3,934.83… +18.45

NASDAQ: 14,095.47… +69.70

U.S. Dollar Index: 90.47… +0.05